VEEM (ASX:VEE) - Stock Price, News & Analysis

VEE Stock Overview

Engages in the design, manufacture, and sale of marine propulsion and stabilization systems. More details

VEE fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	2/6
Past Performance	5/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 65.6% below our estimate of its fair value

Earnings are forecast to grow 10.59% per year

Earnings grew by 69.9% over the past year

Risk Analysis

VEE passed our risk checks.

VEEM Ltd Competitors

Korvest

ASX:KOV

AU$114.8m

XRF Scientific

ASX:XRF

AU$224.6m

Environmental Group

ASX:EGL

AU$100.8m

LaserBond

ASX:LBL

AU$68.6m

Price History & Performance

Summary of all time highs, changes and price drops for VEEM
Historical stock prices
Current Share Price	AU$1.08
52 Week High	AU$2.02
52 Week Low	AU$0.76
Beta	1.32
11 Month Change	-36.01%
3 Month Change	-41.58%
1 Year Change	36.94%
33 Year Change	14.97%
5 Year Change	115.00%
Change since IPO	76.23%

Here's Why We Think VEEM (ASX:VEE) Is Well Worth Watching

Nov 15

At AU$1.36, Is It Time To Put VEEM Ltd (ASX:VEE) On Your Watch List?

Sep 26

Recent updates

VEEM Ltd Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Feb 25

Returns On Capital At VEEM (ASX:VEE) Have Stalled

Jan 22

Investors Appear Satisfied With VEEM Ltd's (ASX:VEE) Prospects As Shares Rocket 34%

Dec 18

These 4 Measures Indicate That VEEM (ASX:VEE) Is Using Debt Reasonably Well

Nov 16

Investors Met With Slowing Returns on Capital At VEEM (ASX:VEE)

Sep 21

Is Now An Opportune Moment To Examine VEEM Ltd (ASX:VEE)?

Aug 19

Is VEEM (ASX:VEE) Using Too Much Debt?

Jun 26

Capital Allocation Trends At VEEM (ASX:VEE) Aren't Ideal

Jan 24

Is It Too Late To Consider Buying VEEM Ltd (ASX:VEE)?

Dec 12

Why We Think VEEM Ltd's (ASX:VEE) CEO Compensation Is Not Excessive At All

Nov 16

VEEM (ASX:VEE) Has A Somewhat Strained Balance Sheet

Oct 17

Capital Allocation Trends At VEEM (ASX:VEE) Aren't Ideal

Aug 16

Is There Now An Opportunity In VEEM Ltd (ASX:VEE)?

Jul 10

VEEM (ASX:VEE) Seems To Use Debt Quite Sensibly

Jun 19

Calculating The Intrinsic Value Of VEEM Ltd (ASX:VEE)

May 03

Be Wary Of VEEM (ASX:VEE) And Its Returns On Capital

Mar 15

I Ran A Stock Scan For Earnings Growth And VEEM (ASX:VEE) Passed With Ease

Sep 05

VEEM Ltd Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Aug 06

With EPS Growth And More, VEEM (ASX:VEE) Is Interesting

Jun 03

Estimating The Intrinsic Value Of VEEM Ltd (ASX:VEE)

May 13

Should We Be Excited About The Trends Of Returns At VEEM (ASX:VEE)?

Mar 09

Should You Be Adding VEEM (ASX:VEE) To Your Watchlist Today?

Feb 22

What Does VEEM's (ASX:VEE) CEO Pay Reveal?

Feb 05

Is There An Opportunity With VEEM Ltd's (ASX:VEE) 34% Undervaluation?

Jan 21

VEEM Ltd's (ASX:VEE) Stock is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?

Jan 06

We Wouldn't Rely On VEEM's (ASX:VEE) Statutory Earnings As A Guide

Dec 22

Returns On Capital At VEEM (ASX:VEE) Paint An Interesting Picture

Dec 08

The VEEM (ASX:VEE) Share Price Has Gained 41% And Shareholders Are Hoping For More

Nov 25

Shareholder Returns

	VEE	AU Machinery	AU Market
7D	-24.8%	3.2%	1.5%
1Y	36.9%	54.0%	17.2%

Return vs Industry: VEE underperformed the Australian Machinery industry which returned 54% over the past year.

Return vs Market: VEE exceeded the Australian Market which returned 17.2% over the past year.

Price Volatility

Is VEE's price volatile compared to industry and market?
VEE volatility
VEE Average Weekly Movement	7.9%
Machinery Industry Average Movement	8.0%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.4%

Stable Share Price: VEE has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: VEE's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1968	n/a	Trevor Raman	www.veem.com.au

VEEM Ltd engages in the design, manufacture, and sale of marine propulsion and stabilization systems. It offers gyrostabilizers; CNC machined monobloc and fixed pitch propellers; and forever pipe, a piping solution for the processing industry. The company also provides conquest propeller, shaft lines, and marine ride control fins.

VEEM Ltd Fundamentals Summary

How do VEEM's earnings and revenue compare to its market cap?
VEE fundamental statistics
Market cap	AU$166.32m
Earnings (TTM)	AU$6.99m
Revenue (TTM)	AU$80.55m

20.9x

P/E Ratio

1.8x

P/S Ratio

Is VEE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VEE income statement (TTM)
Revenue	AU$80.55m
Cost of Revenue	AU$37.47m
Gross Profit	AU$43.09m
Other Expenses	AU$36.10m
Earnings	AU$6.99m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.051
Gross Margin	53.49%
Net Profit Margin	8.67%
Debt/Equity Ratio	11.0%

How did VEE perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

30%

Payout Ratio

VEE Stock Overview

Rewards

Risk Analysis

VEEM Ltd Competitors

ASX:KOV

AU$114.8m

ASX:XRF

AU$224.6m

ASX:EGL

AU$100.8m

ASX:LBL

AU$68.6m

Price History & Performance

Recent News & Updates

Consensus revenue estimates fall by 11%

Price target decreased by 25% to AU$1.70

Here's Why We Think VEEM (ASX:VEE) Is Well Worth Watching

Investor sentiment deteriorates as stock falls 21%

Investor sentiment deteriorates as stock falls 16%

At AU$1.36, Is It Time To Put VEEM Ltd (ASX:VEE) On Your Watch List?

Recent updates

Consensus revenue estimates fall by 11%

Price target decreased by 25% to AU$1.70

Here's Why We Think VEEM (ASX:VEE) Is Well Worth Watching

Investor sentiment deteriorates as stock falls 21%

Investor sentiment deteriorates as stock falls 16%

At AU$1.36, Is It Time To Put VEEM Ltd (ASX:VEE) On Your Watch List?

VEEM Ltd, Annual General Meeting, Nov 14, 2024

Final dividend of AU$0.0077 announced

VEEM Ltd Declares Final Unfranked Ordinary Dividend for the Year Ended 30 June 2024, Payable on 20 September 2024

Full year 2024 earnings: EPS and revenues exceed analyst expectations

VEEM Ltd to Report Fiscal Year 2024 Results on Aug 22, 2024

VEEM Ltd Appoints Angus Murnaghan as an Independent Non-Executive Director and Ian Barsden to Retire as a Director Effective 30 June 2024

VEEM (ASX:VEE) Seems To Use Debt Quite Sensibly

Investor sentiment improves as stock rises 18%

When Should You Buy VEEM Ltd (ASX:VEE)?

Subdued Growth No Barrier To VEEM Ltd (ASX:VEE) With Shares Advancing 30%

Investor sentiment improves as stock rises 18%

Consensus EPS estimates increase by 20%

VEEM Ltd Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

First half dividend increased to AU$0.0077

Price target increased by 50% to AU$1.50

VEEM Ltd to Report First Half, 2024 Results on Feb 22, 2024

Investor sentiment improves as stock rises 17%

Returns On Capital At VEEM (ASX:VEE) Have Stalled

Investors Appear Satisfied With VEEM Ltd's (ASX:VEE) Prospects As Shares Rocket 34%

Consensus EPS estimates increase by 25%

Price target increased by 8.3% to AU$0.91

These 4 Measures Indicate That VEEM (ASX:VEE) Is Using Debt Reasonably Well

VEEM Ltd, Annual General Meeting, Nov 22, 2023

Investors Met With Slowing Returns on Capital At VEEM (ASX:VEE)

Veem Ltd Recommends A Final Unfranked Ordinary Dividend for the Six Months Ended 30 June 2023, Payable on 20 September 2023

Full year 2023 earnings: EPS exceeds analyst expectations

Is Now An Opportune Moment To Examine VEEM Ltd (ASX:VEE)?

VEEM Ltd to Report Fiscal Year 2023 Results on Aug 24, 2023

Is VEEM (ASX:VEE) Using Too Much Debt?

Consensus EPS estimates increase by 11%, revenue downgraded

First half 2023 earnings released: EPS: AU$0.014 (vs AU$0.002 in 1H 2022)

Capital Allocation Trends At VEEM (ASX:VEE) Aren't Ideal

Is It Too Late To Consider Buying VEEM Ltd (ASX:VEE)?

Why We Think VEEM Ltd's (ASX:VEE) CEO Compensation Is Not Excessive At All

Price target decreased to AU$0.80

Less than half of directors are independent

VEEM (ASX:VEE) Has A Somewhat Strained Balance Sheet

VEEM Ltd, Annual General Meeting, Nov 23, 2022

Consensus EPS estimates fall by 34%

Full year 2022 earnings: EPS and revenues miss analyst expectations

VEEM Ltd Recommends Final Unfranked Ordinary Dividend for the Year Ended 30 June 2022., Payable on or Around 21 September 2022

Capital Allocation Trends At VEEM (ASX:VEE) Aren't Ideal

Is There Now An Opportunity In VEEM Ltd (ASX:VEE)?

VEEM (ASX:VEE) Seems To Use Debt Quite Sensibly

Calculating The Intrinsic Value Of VEEM Ltd (ASX:VEE)

Price target decreased to AU$1.15

Less than half of directors are independent

Be Wary Of VEEM (ASX:VEE) And Its Returns On Capital

First half 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

VEEM Ltd. Declares Ordinary Dividend for the Period of Six Months Ended December 31, 2021, Payable on April 19, 2022

VEEM Ltd to Report First Half, 2022 Results on Feb 22, 2022

Full year 2021 earnings released: EPS AU$0.038 (vs AU$0.019 in FY 2020)

VEEM Ltd announced that it has received funding from Repay Holdings Corporation